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To: AnnaInVA who wrote (17255)	11/14/1998 8:13:00 AM
From: Larry S.	Respond to of 53068

Chat AMP: - ALD offered 44.50/share for AMP, AMP is trying to fight it. AMP traded at 44 1/4 on Friday, which is awfully close to the bid price and indicates to me that the fun is just starting. Here is an article from Bloomberg that just enhances that view: Chief Says AMP Would Look at Other Bids By BLOOMBERG NEWS HILADELPHIA -- Robert M. Ripp, the chairman and chief executive of AMP Inc., says AMP would have to consider any offers for the company that exceeded the $9.8 billion hostile takeover bid by Allied Signal Inc. In a deposition on Oct. 30, Ripp said AMP, which is based in Harrisburg, Pa., had an "obligation to evaluate any reasonable offer" for the company, though he maintained that it was not for sale. Allied Signal has been trying to push forward with its $44.50-a-share bid for AMP, the largest maker of electronic connectors. Allied Signal, the maker of Prestone antifreeze and aerospace and auto parts, has appealed a lower court's ruling that upheld the takeover defenses of AMP. "If somebody wanted to come in and make an offer to the AMP Company, the AMP board of directors would seriously consider the offer," Ripp said in the deposition last month. In September, when AMP announced that it was planning to buy back 30 million shares at $55 each, Ripp said that any sale price would have to be "significantly north" of that amount. do your own DD. Larry